Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

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Independent Banker

DECEMBER 31, 2022

From new fee practices to peer-to-peer fraud, keep an eye on what regulatory changes could be developing in the new year. Peer-to-peer fraud. Mary Thorson Wright is a writer in Virginia. Illustration by Monster Ztudio/Adobe. By Mary Thorson Wright. An NPR is due in 2024 or before. Climate-related risk. According to Rhonda R.

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Independent Banker

AUGUST 31, 2022

Mistakes, system glitches and fraud happen. Fraud and unauthorized use happen. Mary Thorson Wright is a writer in Virginia. By Mary Thorson Wright. Direct deposit or bill pay failures, transaction input errors or operating system malfunctions could show up on a consumer’s deposit account statement. Mistakes and glitches happen.

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PYMNTS

AUGUST 10, 2016

Social Security numbers, medical information, bank account numbers and claims information were not part of the hack. John Huff, director of the Missouri Department of Insurance, said in a statement in the report that information on 411,786 members of Blue Cross Blue Shield of Kansas City was potentially taken.

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FICO

APRIL 3, 2019

This article from the State of West Virginia is a perfect example: "More than 17% of Purchase Card transactions lacked sufficient documentation". They write these rules to manage risk and save costs where they can. However, they cannot use statistical analysis to enhance their management. data security, HIPAA, PII).

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Independent Banker

OCTOBER 29, 2014

Community bank compliance professionals know three things about effective compliance management: It starts at the top. In her remarks, Calvery spoke to the challenge faced by compliance professionals who toil to manage BSA/AML risk. New BSA guidance reinforces having an appropriate ‘culture of compliance’. By Mary Thorson.

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PYMNTS

NOVEMBER 10, 2017

Security camera or no security camera. ” For the much larger set who said, “no thanks,” privacy and security topped the list of concerns. ” For the much larger set who said, “no thanks,” privacy and security topped the list of concerns. No respondents have seen a boost in fraud.

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Independent Banker

NOVEMBER 25, 2015

One of the biggest problems with FinTech companies is that many of them exploit existing banking infrastructure—including debit, credit and ACH networks—and access traditional checking and saving accounts, yet face minimal regulation when it comes to data security and privacy. Kelly Pike is a freelance writer in Virginia.

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Jeff For Banks

MARCH 20, 2016

billion in asset Union Bank & Trust in Virginia had $1.1 How good is their system compared to FICO, or other FinTechs that feel they are more evolved in credit risk management? And for fraud without a time limit. billion in equity capital since its founding in 2011. By comparison, over 100 year old and $7.7 We don't know.

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CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Some companies just push their luck a little too far. Total Funding: $1.1B.

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Fintech Labs Insights

MARCH 22, 2016

Emailage raised an undisclosed sum for its fraud prevention technology keyed off email address. HQ: Reston, Virginia. HQ: Charlottesville, Virginia. Lien rights management. Tags: SMB, B2B, data, analytics, financial management, accounting, suppliers, cost management, accounts payable, Xero (integration).

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PYMNTS

MARCH 23, 2018

Blockchain startup aXpire, which develops corporate spend management solutions, announced it raised $20 million as it looks to expand its product development into new markets beyond finance, including food and beverage, travel and leisure and transportation. Data Management. Blockchain. B2B payments.

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PYMNTS

NOVEMBER 5, 2018

Add security to the list, of course, as in the security of the election process itself. ” There’s a “central vulnerability” extant, they said, that comes as Facebook fails to use human reviewers to catch that fraud. Election day in the U.S. is tomorrow.

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PYMNTS

JUNE 6, 2019

As a result of the news, New Jersey Democrats Bob Menendez and Cory Booker, as well as Mark Warner, a Virginia Democrat, wrote Quest on Wednesday (June 5) asking for more information about the breach. “I

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CB Insights

NOVEMBER 9, 2017

And then there were some uncommon and more dramatic causes of failure, including: Financial fraud. The startup, which was established in 2008, privately raised $185 million before its $100 million initial public offering was blocked by the Australian Securities Exchange last year. Select VC Investors: Wellington Management, Otto Group.

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PYMNTS

AUGUST 11, 2017

The level of security on U.S. Attendees at the annual hacking conference DefCon were able to crack into two dozen machines, representing five different voting machine models, using just basic computer security and reverse-engineering skills. Conspiracy theorists who think someone tampered with the 2016 U.S. Why Was It So Easy?

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